GB Shared

The Community Ownership Fund in Lancashire

GB Shared

Both

Expires:

Total: 2000000

Individual: 1

Minimum company size: 1

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£150 million fund over 4 years to support community groups across England, Wales, Scotland, and Northern Ireland to take ownership of assets which are at risk of being lost to the community.

Summary

The Community Ownership Fund is a £150 million fund over 4 years to support community groups across England, Wales, Scotland, and Northern Ireland to take ownership of assets which are at risk of being lost to the community.It forms part of a substantial package of UK wide levelling-up interventions building opportunity and empowering communities to improve their local places.We recognise it can sometimes be hard for community groups to raise the funding needed to buy or renovate the asset and run it sustainably for the long-term benefit of the community. The Community Ownership Fund will help support local people to save local community assets at risk.The Fund supports projects which fulfil one or a combination of the following aims. All of these are taken in context of saving an asset with the goal of community use:

  • take ownership of a physical community asset at risk, such as land and buildings, which benefit local people
  • renovate, repair, or refurbish an asset to make it sustainable for the long term
  • set up or buy a community business
  • buy associated stock, collections, or intellectual property
  • move a community asset to a new, more appropriate location within the same community. This might be because a different location offers better value to continue the asset, or because the venue is in itself an asset of community value
  • develop new assets where these relate to saving, preserving, or relocating a past or existing asset

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